Tuesday, June 28th, 2022

Steelmaker Jindal Steel And Power Records 35% Jump In Sales

Steelmaker Jindal Steel and Power Ltd reported a 35 % year-on-year jump in sales in January at 5.8 lakh tonnes on the back of better demand and pick-up in economic activity.

“With the country getting back to normalcy, we will only do better. We’ll double our efforts towards rebuilding the economy and the nation,” said JSPL MD V R Sharma

JSPL’s monthly production increased by 80% year-on-year in January 2021 to 6.9 lakh tonnes.

“Higher production also helped JSPL post a solid growth in shipments to 5.8 lakh tonnes. Shipments were however lower quarter on quarter as JSPL continued to focus on value over volumes,” the company said in a statement.

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